banner_ad

Capitalisation of administrative charges paid after 7 years

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2014 can administrative charges paid on purchase of land from land developer after 8 years from purchase of land be capitalised? or expense out?
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
17 December 2014 Yes
Under companies act it will be capitalized as per AS-10 Accounting for fixed asset.

As per Income Tax also it will treated as Improvement as per section 55 of income tax act, 1961
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 December 2014 evenif it is incurred after 8 years of land purchased? if yes then why?
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
19 December 2014 Date of payment doesn't at all, what is important type of expenditure
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details